Cyprus police investigating after OPAP declines audit

The longstanding relationship between the government of the Republic of Cyprus and betting operator OPAP is rapidly coming apart at the seams.
07/03/2017
  • UK lottery loophole may be shutdown as licence for lottery betting is granted by MGA

    A betting loophole that allows gambling websites to offer cut-price bets on the EuroMillions lottery draw is intended to be closed by the government as it takes “money away from good causes”. Although the Gambling Act prohibits betting on National Lottery games, websites get around the law by offering...
  • Cybersecurity: A growing focus for gambling operators

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  • Trump Taj Mahal purchased by Hard Rock

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  • ‘Poker was like being in a trance’: readers’ experiences of problem gambling

    Problem gambling costs the UK up to £1.2bn according to a report by charity GambleAware, with spending related to police intervention, mental health services and homelessness putting pressure on the system. The charity warned of the “narrow” focus on fixed-odds betting terminals (FOBTs), known as the “crack cocaine of...
  • GVC now more transparent, but still risky

    There is more than one way to understand the term defensive investing. Typically it means buying stable companies with low growth, in other words seeing it from the growth side of the equation. But defense can also be seen in terms of the loss side. Defense, other than focusing...
  • China’s High Rollers Are Back at Macau’s Gaming Tables

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  • BCLC’s online casino earns 46% of revenue from 619 players

    New research reveals that the British Columbia government’s online gambling site earns 46% of its online casino revenue from just 5% of its players. This week, the British Columbia Lottery Corporation (BCLC) celebrated the signing of a licensing agreement in which casino operator MGM Resorts would integrate BCLC’s GameSense...
  • William Hill’s profit down double-digits in “challenging year”

    UK bookmakers William Hill saw their operating profit fall 10% in 2016, a 12-month span their interim CEO called “a challenging year.” Figures released Friday show Hills’ revenue inching up 1% to £1.6b last year, while operating profit fell 10% to £261.5m. Interim CEO Philip Bowcock (pictured) said 2016...
  • William Hill’s potential next CEO backs curbs on TV gambling adverts

    The man tipped to lead the UK’s second-biggest bookmaker has broken ranks with the industry by offering support for a curb on TV gambling adverts. Betting companies have largely rejected suggestions that their ads are seen by too many vulnerable people and children, but William Hill’s finance director said he understood people’s...
  • ESports betting to grow in 2020 as its audience grows to 600M

    The future of eSports betting will become brighter three years from now as its global audience will balloon to almost 600 million by 2020. According to the latest report of market intelligence company Newzoo, the global eSports audience will reach 385 million in 2017 and is expected to grow...
  • Internet poker company founder pleads not guilty to U.S. charges

    The founder of what had been one of the largest online poker websites agreed on Thursday to confront U.S. charges stemming from a long-running criminal case targeting internet firms like his operating illegally in the United States. Scott Tom, who founded Costa Rica-based Absolute Poker, pleaded not guilty in...
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    Problem gambling experts have criticised rival factions of the betting industry for waging a “selfish” war of words to protect their own interests amid the threat of tighter regulation. The UK’s leading gambling charity also warned that a “narrow” focus on controversial fixed-odds betting terminals (FOBTs), potentially ignoring online betting...
  • O Mundo Secreto das Apostas (Video)

    De Macau a Londres, de Genebra a Xangai, uma história de investigação que entra no mundo secreto das apostas desportivas e revela um escândalo de proporções enormes....
  • Portugal suspends bets over match-fixing fears

    LISBON: Portugal’s state betting firm suspended wagers on a first-division match between Rio Ave and Feirense after an unusually large amount of money was placed on the game, sparking suspicions of match-fixing. It is the first time that betting on a first-division match in Portugal has been suspended and...
  • My poker heroes were cowboys, but the internet saw them off

    Iwas one of those who said it could never be done: that a computer wouldn’t ever manage to beat the best at the game of poker. I was romantic and wide-eyed at 18, when my heroes were the cowboys from Texas who ruled the felt. They were uneducated and...
  • Playtech inaugurates Live Casino Romania studio

    Playtech has opened a state-of-the-art live casino studio facility in Bucharest, Romania to cater for a huge demand in licensees in the newly regulated Eastern European country. Playtech’s new Romania live casino facility employs native dealers and further bolsters its position as one of the world’s leading live casino...
  • Portugal finalizes online poker liquidity sharing plan

    After months of delay, Portugal has finally sent its new online poker liquidity sharing technical standards to the European Commission for approval. Last November, Portugal welcomed the first online poker site (Amaya Gaming’s PokerStars) under the country’s new online gambling licensing regime, but it wasn’t until this Tuesday that...
  • Regulated market embraced by PokerStars’ Portuguese players

    The newly launched PokerStars.pt in Portugal is one of the busiest online pokers sites in the world based on real money cash game players. That is the finding of PokerScout, an online poker traffic ranking site which estimates the number of players at cash game tables on the major...
  • Camelot considers options after alleged fraudulent winner named as rapist

    The National Lottery operator, Camelot, is “considering its options” after the man who allegedly claimed a £2.5m prize by fraudulent means was named in the media as a convicted rapist. The Gambling Commission said on Thursday that it had fined Camelot£3mfor paying out the £2.5m prize in 2009 on a ticket that...
  • Labour demands answers after Camelot pays £3m penalty for fraudulent claim

    Labour has demanded an explanation from the government about the circumstances that led to National Lottery operator Camelot receiving a £3m penalty for paying out on a damaged ticket in 2009. The Gambling Commission said the situation only came to light last year and that the whole penalty will be given to good...
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    Global casino operators are vying to move into Japan’s potentially lucrative market after a ban was lifted by lawmakers in Tokyo, despite warnings over gambling addiction and the involvement of organised crime. Japan’s parliament approved legislation in the early hours of Thursday allowing the construction of “integrated resorts” that...
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